Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (April 2023)
20 slides from Cobalt Blue's investor presentation, April 2023
Slide 1: Company Presentation
April 2023 Company Presentation Dr Andrew Tong
Slide 2: Our Aim: Clean, responsible cobalt supply
Our Aim: Clean, responsible cobalt supply The integrated Broken Hill Cobalt Project offers responsibly sourced cobalt Targeted project life +20 years: ▪ Mineral Resource of 118Mt* for 81,400t cobalt. Primary cobalt: ▪ 3,500 tpa of cobalt (as MHP or Cobalt Sulphate). ▪ 300,000 tpa of Elemental Sulphu
Slide 3: COB Cobalt Sulphate Refinery
COB Cobalt Sulphate Refinery Capacity refers to metal content basis ASX: COB 3
Slide 4: ASX: COB
Western Australia: oercctet ale Cobalt in Pre Cursor = Lithium sources (include : WA overseas) wae (pCAM) ote Cobalt Projects 0.4-0.5m Ng EVs per year CobaltBlue Sulphate Mine oa NSW: Cobalt 12,000 tpa MHP. CobaltBI L CobaltBlue Refinery + NSW: Cobalt 12,000 tpa MHP. pCAM Facility CobaltBlue Refiner
Slide 5: COB: A major sulphate producer
COB: A major sulphate producer Global cobalt sulphate capacity, 2026 (Kt Co) Source: Wood Mackenzie, Cobalt Blue Holdings Limited
Slide 6: Location
Location Cretctetl ——4 Becket | BROKEN HILL Cobalt Population: 19,000 | “ x Long mining history Wivan oe Experienced workforce Solat plant Adetatces Railway Deposit oes =< 550km to Adelaide Big Hill Deposit
Slide 7: Recent Key Milestones
Recent Key Milestones 1. Capital raise: Placement and shareholder entitlement raised A$22m. 2. Demonstration Plant update: Underground mining and concentrate processing complete. First large scale MHP expected shortly. 3. Feasibility Study progressing: Contracted engineering firms engaged, EIS field
Slide 8: Cobalt Blue: Who We Are
Cobalt Blue: Who We Are “Extensive expertise – mineral development, investment management, corporate law and energy storage.” Independent Chairman – Robert Biancardi IBM, Citibank, Westpac and Evolution Healthcare (senior management and director). Numerous directorships of private companies. Indepen
Slide 9: Disclaimer
Disclaimer This presentation includes forward–looking statements. Forward-looking statements are not guarantees or predictions and involve known and unknown risks, uncertainties and assumptions, which are outside the control of COB. These risks, uncertainties and assumptions may include commodity pr
Slide 10: BHCP: Timeline on track
BHCP: Timeline on track Expected Development Schedule Source:, Cobalt Blue Holdings Limited
Slide 11: BHCP: Cobalt Sulphate Production Flowsheet
BHCP: Cobalt Sulphate Production Flowsheet Conventional operational steps, unique sequence ASX: COB 11 Source: Cobalt Blue Holdings Limited See Compliance Statement at end of presentation
Slide 12: BHCP: Demonstration Plant
BHCP: Demonstration Plant Study Level Period Concentrate Circuit Pyrolysis Circuit Continuous pilot circuit Commercial sized furnace Pilot Plant 2021 45–50 t 15 t 1t batches 2–3 t/hr 100–150 kg/hr Mobile plant Commercial sized furnace Demonstration Plant 2022/23 4,200 t 680t 50–100 t 10–15 t/hr 150-
Slide 13: BHCP: Demonstration Plant
BHCP: Demonstration Plant Pyrite Concentrate, avg 4400 ppm Kiln converts pyrite into pyrrhotite & sulphur Source: Cobalt Blue Holdings Limited
Slide 14: BHCP: Demonstration Plant
BHCP: Demonstration Plant Horizontal vacuum filter belt and Pressure oxidation leach circuit MHP (30% Co, 7% Ni) & Cobalt Sulphate (20% Co) Source: Cobalt Blue Holdings Limited
Slide 15: BHCP: Capital and Operating Costs
BHCP: Capital and Operating Costs Forecast LOM Operating Costs* Pre-Production Capital Cost Estimates (A$m) ▪ Cobalt Hydroxide (MHP) ~US$9/lb (C1) ▪ Cobalt Sulphate ~US$12/lb (ASIC) Process Plant $343 (60%) Infrastructure $137 (24%) Mine Development $38 (7%) Mine Fleet $22 (4%) Other $20 (4%) Total
Slide 16: COB: Capital Structure
COB: Capital Structure Capital Structure: ▪ Ordinary Shares at 13/4/2023: 370m ▪ Promissory Note1 (5yr to 2025): $3.0m ▪ Market Cap (undiluted): $133m Share Price: ▪ Share Price at 13/4/2023 : $0.36 Cash & equivalents on hand ▪ As at 31/12/2022: $21.8m 1. Three years interest free, then 6% pa intere
Slide 17: Cobalt Market
Cobalt Market Cobalt’s current end-use Cobalt’s 2015 Cobalt’s 2030 battery end-use battery end-use ASX: COB 17 Source: Wood Mackenzie, Cobalt Blue Holdings Limited
Slide 18: Cobalt Future of Supply & Demand
Cobalt Future of Supply & Demand Another ~50ktpa is required by 2025, reaching another ~200ktpa by 2030 400 Existing / Dedicated 350 Recycling (contribution to Feedstock) Base Case Projects 300 Likely Projects Possible Projects 250 000 tonnes Co Demand 200 150 100 50 - 2015 2016 2017 2018 2019 2020
Slide 19: EV batteries
EV batteries Li-ion EV battery cell chemistry market share Most EV batteries today use one of two types of cathodes: ▪ Nickel Cobalt Manganese (NCM) cathodes: ▪ Capable of storing more energy ▪ Superior life spans ▪ Superior thermal stability, thus safer ▪ Use costly materials (nickel, cobalt) ▪ Lit
Slide 20: US Inflation Reduction Act 2022 (IRA)
US Inflation Reduction Act 2022 (IRA) Invests US$369bn in energy security, climate change programs and clean technologies over the next 10 years to help the US meet its climate goals. Currently holds bipartisan support for building out the domestic supply chain to promote the Energy Transition US co
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